ICICI Securities has issued a buy recommendation on Kotak Mahindra Bank shares, citing the lender's aggressive expansion into alternative assets and financial market infrastructure.
The upgrade comes as Indian benchmark indices opened on a muted note on Monday, following their longest weekly winning streak of 2026.
The Nifty 50 showed little change at the open, while the BSE Sensex dipped slightly.
Investors are balancing optimism over renewed diplomatic engagement between the US and Iran against broader geopolitical tensions, leading to cautious positioning.
Trading remained subdued as market participants locked in profits after the recent rally.
Kotak Mahindra Bank is actively pursuing acquisitions, including loan portfolios, to broaden its footprint.